Form 4: Gran Tierra Energy Inc. Director Acquires Deferred Stock Units

Alison Redford, a director of Gran Tierra Energy Inc., acquired 4,879 deferred stock units on April 1, 2024, convertible to common stock.

Summary

• On April 1, 2024, Alison Redford, a director of Gran Tierra Energy Inc. (GTE), acquired 4,879 deferred stock units.
• These deferred stock units are convertible into common stock on a one-for-one basis.
• Each unit represents a contingent right to receive one share of GTE common stock.
• The deferred stock units vest fully when Redford ceases to be a member of the Board of Directors.
• Following the transaction, Redford directly owns 41,350 deferred stock units.
• The price of the derivative security is $0.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, indicating a standard transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The acquisition of deferred stock units by a director aligns their interests with those of the shareholders, potentially incentivizing them to work towards the long-term success of the company.

Key Dates